Quote:
Originally Posted by baddog
If you are minimum wage you are probably going to get it all back when you file your taxes.  |
Probably true. If you have $500 withheld, get a $1000 refund, and a $5500 Pell grant, on net you've paid negative six thousand. Something like 45% of Americans pay less than zero net.
The article makes a big deal of the fact that almost everyone who works a legitimate job pays into social security and medicare.
Yes, mom paid $50,000 in FICA taxes over jer lifetime, but she's getting back $100,000 in social security and medicare, so she costs the government $50,000 in cash alone.
Since some people truly can't carry their own weight, we should help them. 45% is a scary number, though, because it's close to a majority who can vote themselves huge government checks. It makes perfect sense to them to vote for a $10,000 "refund" paid for by an 80% tax on businesses. As they become the majority, I see no reason to think they won't do that and so destroy the country.